Metal Arts Company (MTRT)

[Tengri]

Paradigm shift of trade finance..
https://www.linkedin.com/pulse/ideal-trade-finance-transaction-platform-medium-blockchain-teddy-park/

As of 2021, the CTFU platform has chosen Korea as a base for expanding the Asian region beyond mainland China. The project, called the CKTF (China Trade Finance Transaction Platform), is headed by Peersafe, who has been leading the concept, operation plan, and blockchain system technology since 2018. Medium, a traditional Korean blockchain specialist, will provide blockchain technology as a Korean technology partner.

Peersafe chose Medium because of its high-performance blockchain technology based on hyperledger fabric. Medium Distributed Ledger (MDL), the blockchain solution of Medium, was opened in October last year and confirmed speeds of more than 15,000 TPS through a global IT company. This speed is the highest in the world, ahead of R3 Corda's 617 TPS and Hyperledger Fabric's 3,500 TPS.

The two companies signed a business agreement with the goal of establishing a trade finance platform between Korea and China. Medium will serve as a testbed for Korea to provide high-performance blockchain MDL infrastructure, exchange technologies with Chinese companies that integrate systems, and expand into Asia globally. In particular, Medium plans to improve the cost structure of thousands or trillions of won, which is excessively wasted on international trade.

The trade finance platform between Korea and China, which will be established as Peersafe this time, is already attracting a lot of attention from Korean commercial banks. As commercial banks have already joined the consortium of banks in the process of signing MOUs, the number is expected to increase gradually. With the participation of the World Bank as a platform operation and consortium, the scale is already overwhelming, and the blockchain technology applied to the platform is the fastest in the world.

If blockchain scalability can be secured here, the trade finance platform that Medium will build with China's Peersafe will present the most ideal model of the global financial system beyond Korea and China.